Naples Bay Resort in Foreclosure

Hotel guests leave the lobby of the hotel at the Naples Bay Resort on Wednesday, Feb. 24, 2010 in Naples. Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples.The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff

A hotel guest smokes a cigar from a balcony at the hotel of the Naples Bay Resort on Wednesday, Feb. 24, 2010 in Naples. Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples.The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff

A rental boat leaves the marina of the Naples Bay Resort on Wednesday, Feb. 24, 2010 in Naples. Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples.The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff

Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples. The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff

A Do Not Disturb sign hangs on a room at the hotel at the Naples Bay Resort on Wednesday, Feb. 24, 2010 in Naples. Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples.The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff

Naples Bay Resort in the foreground and the empty lot in the distance across from Bay Front is the proposed area for Renaissance Village. Erik Kellar/Staff March 2008 aerial

Naples Bay Resort Friday Feb. 1, 2008. Erik Kellar/Staff aerial

Naples Bay Resort. Erik Kellar/Staff 05/23/07 aerial

Aerials looking north of the Naples Bay Resort along U.S. 41 East near the intersection of Davis Blvd. Tuesday March 27, 2007. Garrett Hubbard/Staff

ANTARAMIAN1: Jack Antaramian, of Antaramian Development Group, shows off his latest Naples development, Renaissance Village. Antaramian was chosen by the city of Bonita Springs for the Imperial Landing project. Photo by Liane Smith

Business 05/29/02 DEVELOPMENT SURVEY - Developer Jack Antaramian looks over a model of his proposed Sandpiper Village project in East Naples. The mixed-use project is considered to be a catalyst for redevelopment in East Naples. Plans call for construction work beginning on the project in the second quarter of next year. Lisa Krantz/Staff

A hotel guest smokes a cigar from a balcony at the hotel of the Naples Bay Resort on Wednesday, Feb. 24, 2010 in Naples. Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples.The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff

A rental boat leaves the marina of the Naples Bay Resort on Wednesday, Feb. 24, 2010 in Naples. Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples.The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff

Regions Bank has filed to foreclose on a $36 million mortgage for the Naples Bay Resort in East Naples. The foreclosure action was filed Feb. 18 in Collier County Circuit Court. The defendants include Basil Street Partners LLC, well-known Naples developer Jack Antaramian and Fred Pezeshkan of Kraft Construction Co. Inc. David Albers/Staff